Month: May 2022

Terms and conditions

Conditions	SME business loan – REPO /export/
Loan amount	Up to 3,000,000,000/Three billion/ MNT
Loan interest /annual/	10.50% / Repo trading interest rate + 4 percentage points does not exceed/
Loan interest /month/	Up to 2 years
Service fee	In the case of a new loan, it will not exceed 1% of the amount of the loan granted, or 1,500,000 MNT
Increased interest	Equal to 20% of the loan interest
Application fee	30,000 MNT
Period of Exemption from Basic Payments	At least 6 months
Other	Other requirements and conditions of the Bank of Mongolia
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT
*-According to the orders and decisions of the Bank of Mongolia, the terms of the products are subject to change from time to time.

Set by the Bank of Mongolia, which provides repo financing sources;
As provided in Articles 4 and 5 of the Law on the Support of Small and Medium Enterprises and Services, citizens and industrial units with up to 200 employees and up to 2.5 billion annual sales revenues are eligible;
Non-mining exports, manufacturing, services*, wholesale or retail trade with 200 or more employees;

Flexible and favorable conditions

Trade credit line	MNT	USD	EUR	CNY	JPY
Loan amount	Determined depending on business scale, capital, financial ability and trade turnover.
Trade credit line opening service fee	Line 1% of amount or up to 1,500,000 MNT	Line 1% of amount or up to 1,000 USD	Line 1% of amount or up to 1,000 EUR	Line 1% of amount or up to 5,000 CNY	Line 1% of amount or up to 5,000 JPY
Commitment interest (annual)	0%-2.0%
Loan term	up to 60 months
Fee of change to Credit Line Agreements	0%
Application fee	30,00 MNT	10 USD	10 EUR	100 CNY	1,000 JPY
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Loan after shipment	MNT	USD	EUR	CNY	JPY
Loan amount	Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements
Loan interest /annual/	Source cost + 2.0%-4.0%
Loan term	Up to 60 months

Conditions	MNT
Maximum loan amount	The amount of the loan does not exceed 18 percent of the Bank’s equity, and the financing does not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining enterprise.
Loan interest /month/	1%
Loan interest /annual/	12% (+3%)
Term of loan	Up to 24 months
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Benefits of Changes to the Original Loan Term	0%
Period of exemption from principal	The Credit Committee will decide and may stay for a period determined by the Bank of Mongolia
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Requirements for gold-long-term financing loan applicants: Funding should not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining company’s licensed area;
The participating gold mining enterprise will use the loan for investment purposes; Participating gold mining enterprise must fully accept the terms of purchasing mined gold from the Bank of Mongolia during the financing period, and will pay in MNT according to the loan repayment schedule;
The debt of the reclassified loan in the name of the ownership of the company is unpaid;
The borrower must have enough cash flow to pay the loan and interest obligations and have qualified collateral.